Accounting

Accounting is also referred as an academic discipline and various advantages are available from it such as assistance to management- planning, decision-making and controlling, replacement of money- through transactions, comparative study- to compare one year’s result with those of other years, settlement of taxation liability- providing assistance when the firm is asserted to income tax or sales tax, evidence in court- systematic record of transactions is often treated by the court as good evidence and sale of business- ascertainment of proper purchase price.

Resources

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